Lots of people are unaware of the term ‘Gift Aid’, but behind the scenes it increases the value of donations made to charities, at no extra cost to the donor themselves, and plays an important role in raising extra income to help fund the services provided by Farleigh Hospice within our community.
So what is Gift Aid? In summary it is a system set up by the government to allow charities to claim back the tax which would have been paid on a donation, if the donor is a UK tax payer. This means that for every £1 given, the charity gets another 25 pence from Her Majesty’s Revenue & Customs (the old Inland Revenue), helping the donation to go even further.
For example, if you donate £10 to Farleigh Hospice and if you ‘Gift Aid’ it, Farleigh Hospice can claim back the tax that you have paid on that £10 from HMRC. So, at no additional cost or effort to you, your £10 donation is now worth £12.50 to Farleigh Hospice.